Friday, May 12, 2006

Diatribe on Disipline---Short the weak

Short the weak: a theme that keeps on teaching.

Now that the weak are really weak be patiance and short on stregth.-- It is only natural for names beaten up 3 days in a row to recover.

Can't lose sight of these intermidate-term shorts: RIMM, JNPR, JBL, AMD...etc...

Look bottomline: a quote station and up to the minute news it is all a "slot machine"

We want to hit 20-30% gains not the 1.5% - 3.5 % gains.-- so stress on quality ideas. Forget this one day trash...i am just not good enough for that.

example: NVDA short was a theme not a day -trade idea. I messed it up.

So timeframe is the battle here. we get shook out of trades why???

* Hype: created by News and Trading violtility....that game is for belivers of luck and/ or really special timely trades.

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